Bloomberg News

Flowsense Surges Most in 3 Months on U.S. Distribution Deal

January 04, 2012

(Updates with closing share price in the second paragraph.)

Jan. 4 (Bloomberg) -- Flowsense Medical Ltd. surged the most in almost three months after the maker of an automated urine monitor system signed a memorandum of understanding with a U.S. distributor for the marketing of its URINFO 2000 system.

The shares surged 9.1 percent, the biggest jump since Oct. 5, to 0.084 shekel at the 4:30 p.m. close in Tel Aviv.

Flowsense said it signed the agreement with Doctors Oxygen Services Inc., a distributor of equipment to hospitals in the U.S., to market its URINFO 2000 system in some parts of the country, according to a filing with the Tel Aviv Stock Exchange today. Flowsense said the parties are working toward the completion of a detailed distribution agreement by Jan. 31.

--Editors: Daliah Merzaban, Shanthy Nambiar

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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